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I tried it. Rainmaker is right.
www.mrheloc.com
"Rainmaker" <brigadoon_8at@junodot.com> wrote in message
news:11fpetvl99o4ce9@corp.supernews.com...
> Countrywide Home Loans is one of America's largest mortgage lenders. They
> are a Fortune 200 company, and report funding over $10 billion in loans
> every month.
>
>
>
> But, the best-kept secret about Countrywide is, if you want the very best
> rate and terms for a Countrywide loan, you cannot get it from Countrywide
> Home Loans!
>
>
>
> That's right; you read correctly. Countrywide's best rate and terms
> can't be had from a branch of Countrywide Home Loans. Instead, you
> should call your local mortgage broker.
>
>
>
> Countrywide's Wholesale Lending Division (WLD) offers all the same loan
> programs to loan brokers that are available from their retail outlets, at
> substantially lower rates.
>
>
>
> Countrywide isn't alone; the same is true for Wells Fargo, Chase, and
> virtually every other major lender in America.
>
>
>
> The reason for this is something called, "The Cost of Origination", the
> time, energy, and resources necessary to find borrowers and write loans.
> Since the wholesale division relies on brokers to bear that cost, they
> pass the saving through. The broker, in turn, will share a portion of
> that savings with the borrower.
>
>
>
> If you do not believe me, you can prove it to yourself. Next time you're
> in the market to purchase or refinance a home, call your local Countrywide
> Home Loans branch. Ask the loan officer about a specific loan program
> that suits your needs. Then call your local mortgage broker and ask
> him/her if they are approved to originate Countrywide loans. When you
> find one who is, ask them to quote a rate on the same program.
>
>
>
> Even with broker origination fees, I guaranty the terms will be better.
>
>
>
> Try it.
>
>
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Re: Best Kept Secret About Countrywide
